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Not surprised to see Pennsylvania near the bottom. Our state has been very stagnant economically, socioeconomically, etc. for quite some time now.
You guys also don't have many people moving to your state either, which keeps the cost of living down and your major cities being some of the most affordable in the nation.
You guys also don't have many people moving to your state either, which keeps the cost of living down and your major cities being some of the most affordable in the nation.
True. Then again I think this country overall will start to see its population stagnate in the coming years. The birth rate is declining, immigration has slowed, and Boomers are dying off. St. Louis and Pittsburgh are two examples of cities that are experiencing a ton of revitalization/redevelopment right now while their populations are still declining off of a cliff.
Not surprised to see Pennsylvania near the bottom. Our state has been very stagnant economically, socioeconomically, etc. for quite some time now.
I don't think that's entirely true. PA could certainly do better in a number of regards (much of which stemming from dysfunctional governance, but that's another thread).
Long story short: if you've seen one state ranking; you've seen one state ranking. Doubly true for WalletHub, which is notorious for producing rankings with a whole random stew of sometimes questionable statistics.
True. Then again I think this country overall will start to see its population stagnate in the coming years. The birth rate is declining, immigration has slowed, and Boomers are dying off. St. Louis and Pittsburgh are two examples of cities that are experiencing a ton of revitalization/redevelopment right now while their populations are still declining off of a cliff.
This is very true. A lot of people just are not understanding the demographic stagnation that's underway, and I think it's going to occur much sooner than people realize, especially with ramping up of climate change and cost-of-living imbalances that are even more of a disincentive to having children.
The Northeast/Midwest is really the leading indicator for growth right now in the US, and eventually, globally.
Connecticut is a pretty cheap state. (Median home price is below national average) It’s taxes are about 1-2% of income higher than most other states so you’re talking about $1,000 when a household make an extra $13-18,000.
I think you're really evaluating this from a Massachusetts perspective. CT is 16% more expensive than the national average in 2022 as measured by the broadest index, ranking as the 11th most expensive state.
Since real incomes dropped nobody really cares that employment growth has been gangbusters in the last year.
Most of that employment growth was really catching up from an economically damaging pandemic. I don't think any state will be boasting about "gangbusters" employment growth a year from now.
I don't think that's entirely true. PA could certainly do better in a number of regards (much of which stemming from dysfunctional governance, but that's another thread).
Let's not beat around the bush either, if you split PA in half, one half would move up a good bit and other would join West Virginia.
I think you're really evaluating this from a Massachusetts perspective. CT is 16% more expensive than the national average in 2022 as measured by the broadest index, ranking as the 11th most expensive state.
Most of that employment growth was really catching up from an economically damaging pandemic. I don't think any state will be boasting about "gangbusters" employment growth a year from now.
I’d like to point out things like transport, Grocery, etc are compositional. Like I’ve shopped at the same gruvery store in MA and NH and the price gap is not 30%.
So a Toyota Camry is not more expensive in CT than North Carolina but car payments are higher because more people have nicer cars. Produce is very cheap in California but people spend more money if grocery because more people shop at Whole Foods than they do in Mississippi. Etc etc.
Other than Utilities and Housing people spend what they make. They look at aggregate spending not equal products.
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